Q3 Earnings Estimate for Home Depot Issued By Zacks Research

The Home Depot, Inc. (NYSE:HD) – Zacks Research cut their Q3 2027 earnings per share (EPS) estimates for shares of Home Depot in a report issued on Tuesday, September 1st. Zacks Research analyst Team now expects that the home improvement retailer will post earnings per share of $3.87 for the quarter, down from their previous estimate of $3.95. The consensus estimate for Home Depot’s current full-year earnings is $15.00 per share. Zacks Research also issued estimates for Home Depot’s Q4 2027 earnings at $2.81 EPS, FY2027 earnings at $15.03 EPS, Q1 2028 earnings at $3.69 EPS, Q2 2028 earnings at $5.04 EPS, Q3 2028 earnings at $4.19 EPS, Q4 2028 earnings at $3.12 EPS, FY2028 earnings at $16.05 EPS, Q1 2029 earnings at $4.06 EPS, Q2 2029 earnings at $5.62 EPS and FY2029 earnings at $17.41 EPS.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. DA Davidson reiterated a “buy” rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Argus reissued a “buy” rating and set a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $354.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Price Performance

NYSE HD opened at $319.70 on Wednesday. Home Depot has a one year low of $289.10 and a one year high of $426.75. The stock has a 50-day moving average of $340.90 and a 200 day moving average of $337.53. The company has a market capitalization of $318.96 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 3.61 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Hedge Funds Weigh In On Home Depot

Large investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC lifted its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Zeit Capital LLC purchased a new stake in Home Depot in the 2nd quarter worth $26,000. Advocate Investing Services LLC purchased a new stake in Home Depot in the 4th quarter worth $25,000. Cache Advisors LLC bought a new stake in Home Depot during the first quarter valued at about $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,154 shares of company stock worth $3,132,798 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio is presently 65.22%.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: AI and professional-customer growth offer upside. Home Depot has expanded its AI-powered Magic Apron tools across U.S. stores, providing localized product search and project assistance. Investors are also evaluating the company’s professional-customer growth narrative, with one analysis suggesting the stock could be undervalued by roughly 15%. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Dividend support remains attractive. Home Depot declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout is $9.32, representing an approximately 2.8% yield based on the cited share price. The company’s latest quarterly results also exceeded expectations, with $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year.
• Neutral Sentiment: Analyst earnings revisions were mixed. Zacks Research raised its Q2 2029 EPS estimate to $5.62 from $5.52 and its FY2027 estimate to $15.03 from $14.95. However, the firm maintained or reduced several other quarterly and annual forecasts, including FY2028 EPS to $16.05 from $16.23 and FY2029 EPS to $17.41 from $17.62. The mixed revisions are unlikely to create a strong near-term catalyst.
• Negative Sentiment: Housing and DIY weakness are weighing on sentiment. High mortgage rates are discouraging homeowners from moving, limiting renovation-related activity. Home Depot has reportedly seen “no sign” of a housing turnaround, while consumers continue to defer larger do-it-yourself projects. Digital sales, broad category gains and higher big-ticket purchases provide partial offsets, but weaker discretionary demand remains a risk. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Insider selling adds a modest cautionary signal. Executive Vice President Teresa Wynn Roseborough sold 2,455 shares for approximately $807,000, reducing her direct holdings by 14.86%. A single planned transaction is not necessarily evidence of deteriorating fundamentals, but it may contribute to near-term investor caution. Teresa Wynn Roseborough Sells Home Depot Shares

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.